new regulations on use of credit cards

New regulations on use of credit cards

Credit cardholders will not be allowed to withdraw cash worth of more than VND5 million for domestic transactions and no more than VND30 million for foreign currency.
hsbc suffers 75000 loss due to loose management of staff

HSBC suffers $75,000 loss due to loose management of staff

HSBC Bank (Vietnam) Ltd. (HSBC Vietnam) suffered a loss of VND1.7 billion ($74,800) due to its loose management of credit staff, who made fake documents for clients to borrow unsecured consumer loans through credit cards.
online shopping craze gives rise to e card use

Online shopping craze gives rise to E-card use

Credit cards are gaining popularity in Vietnam thanks to the rise of online shopping.
koreans captured for using fake credit cards to steal money in vietnam

Koreans captured for using fake credit cards to steal money in Vietnam

Three Korean men have been arrested by Hanoi police for using fake credit cards to appropriate money.
foreigner in custody for credit card fraud in vietnams central highlands

Foreigner in custody for credit card fraud in Vietnam’s Central Highlands

A Korean man is in police custody in Lam Dong Province of Vietnam’s Central Highlands for using fake credit cards to buy products at a local mobile phone store, officers announced on Wednesday.
malaysian women jailed for using fake credit cards to buy goods in vietnam

Malaysian women jailed for using fake credit cards to buy goods in Vietnam

A Vietnamese court has given sentences of up to two years to two Malaysian women who used fake credit cards to purchase goods in Vietnam last year.
apple unveils apple pay mobile wallet

Apple unveils Apple Pay mobile wallet

Apple unveiled a new mobile wallet on Tuesday (Sep 9) aimed at allowing consumers to use iPhones linked to credit cards for more secure, convenient payments.
visa mastercard block transactions for sanctioned banks

Visa, Mastercard block transactions for sanctioned banks

Visa and MasterCard have stopped servicing the credit cards of customers using Russian banks affected by the economic sanctions announced in Washington, the banks said on Friday.
police bust ring that counterfeited intl credit cards

Police bust ring that counterfeited int’l credit cards

After arresting two members of a ring that counterfeited international credit cards for swindling, police in Hanoi last Saturday seized one more member of the ring.
seabank unveils new credit cards

SeABank unveils new credit cards

Southeast Asia Joint Stock Commercial Bank (SeABank) debuted new Visa international credit cards with EMV chip security and several other exciting features.
anz goes platinum with credit cards

ANZ goes platinum with credit cards

ANZ is to launch its ANZ Visa Platinum Credit Card in Vietnam, a move which will see the lender providing exclusive privileges to its growing number of wealthy customers in the country.
google turning mobile phone into a wallet

Google turning mobile phone into a wallet

Google unveiled a free mobile application on Thursday that turns a smartphone into an electronic wallet and is designed to replace plastic credit cards.
locals still shun credit cards due to high fees

Locals still shun credit cards due to high fees

Despite the central bank restricting dollar transaction in the economy, local people still hesitate to use international credit card to use overseas due to high usage fees.
competition for international credit cards heats up

Competition for international credit cards heats up

Several banks are competing to issue more international credit cards after a new government decision lowered the volume of foreign currency permitted to be taken out of the country without declaration.
lack of electronic payment options hamper growth of online commerce

Lack of electronic payment options hamper growth of online commerce

Credit cards and other electronic payment systems essential to online shopping remained underutilised in Vietnam, said Vietnam Vat Gia Joint Stock Co director Nguyen Ngoc Diep.